Exhibit 99.2
Third Quarter 2021 Investor Presentation
2 FORWARD-LOOKING STATEMENTS This document contains statements that may constitute “forward-looking
statements” within the meaning of Federal securities laws including under “2021 Financial Outlook” in this presentation. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks,
uncertainties and other factors concerning the Company’s operations and business environment. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements and that could
adversely affect the Company’s future financial performance include the following: the impact and uncertainty created by the ongoing COVID-19 pandemic, including, but not limited to, its effects on our employees, facilities, customers, and
suppliers, the availability and cost of raw materials and other supplies, the availability of logistics and transportation, governmental regulations and restrictions and general economic conditions; the pace and nature of new product
introductions by the Company and the Company’s customers; the Company’s ability to anticipate and respond to changing consumer preferences and changing technologies; the Company’s ability to successfully implement its growth strategies; the
outcome of the Company’s various productivity-improvement and cost-reduction efforts, acquisition and divestiture activities, and operational improvement plan; the effectiveness of the Company’s past restructuring activities; changes in costs
of raw materials, including energy; industry, regulatory, legal, and economic factors related to the Company’s domestic and international business; the effects of tariffs, trade barriers, and disputes; growth in markets for products in which
the Company competes; industry and customer acceptance of price increases; actions by competitors; currency exchange rate fluctuations; and other factors included in “Risk Factors” in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2020, and in other documents that the Company files with the SEC. The risks and uncertainties identified above are not the only risks the Company faces. Additional risks and uncertainties not presently known to the Company
or that it currently believes to be immaterial also may adversely affect the Company. Should any known or unknown risks and uncertainties develop into actual events, these developments could have material adverse effects on our business,
financial condition, and results of operations. This presentation contains time-sensitive information that reflects management’s best analysis only as of the date of this presentation. Except to the extent required by applicable laws, the
Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied herein will not be realized.
3 NON-GAAP FINANCIAL MEASURES Within this document, the Company reports certain non-GAAP financial
measures, including: (1) adjusted revenue, adjusted operating income, adjusted net earnings, adjusted EBITDA, and adjusted diluted earnings per share (which exclude divestiture & other related costs, operational improvement plan costs,
and the results of the divested operations), (2) adjusted results by segment (which exclude divestiture & other related costs, operational improvement plan costs, and the results of the divested operations), (3) percentage changes in
revenue, operating income, diluted earnings per share, and EBITDA on an adjusted local currency basis (which eliminate the effects that result from translating its international operations into U.S. dollars and exclude divestiture & other
related costs, operational improvement plan costs, and the results of the divested operations), and (4) adjusted EBITDA (which excludes depreciation and amortization expense, non-cash share based compensation expense, the results of the
divested product lines, the divestiture & other related costs, and operational improvement plan costs). The Company has included each of these non-GAAP measures in order to provide additional information regarding the underlying operating
results and comparable period-over-period performance. Such information is supplemental to information presented in accordance with GAAP and is not intended to represent a presentation in accordance with GAAP. These non-GAAP measures should
not be considered in isolation.Rather, they should be considered together with GAAP measures and the rest of the information included in this presentation and the Company’s SEC filings. Management internally reviews each of these non-GAAP
measures to evaluate performance on a comparative period- to-period basis and to gain additional insight into underlying operating and performance trends, and the Company believes the information can be beneficial to investors for the same
purposes. These non-GAAP measures may not be comparable to similarly titled measures used by other companies. Refer to “Non-GAAP Financial Measures” at the end of this presentation for reconciliations and additional information.
4 Sensient Overview Provider of customized solutions for food and beverage, pharmaceutical, and
personal care customersGlobal market leader offering an extensive portfolio of flavor and color technology platforms and solutionsExceptional innovation & applications expertise with unique ability to service global, regional, and local
customers
5 Innovative Technologies Creating Unique Solutions Applications expertise and solutions-based
sellingHigh impact relative to costTechnically-driven products that are difficult to replaceStrong consumer trendsOpportunities to grow organically and through M&A
6 Focusing our portfolio and strengthening our commitment to the end markets Investing in core
focus areas of Flavors and Extracts, NaturalIngredients, Food and Pharmaceutical Colors, and Personal CareDivested non-core product lines (inks, fragrances, and yogurt fruit prep product lines)Expanded flavor portfolio and strengthened
technical solutions capabilities through the acquisition of Flavor Solutions, Inc. on July 15, 2021
7 Color Group2020 Revenue: $501M 2020 Adj. Revenue*: $487M Core Areas of Focus: Food
and Pharmaceutical Colors and Personal CareFlavors & Extracts Group2020 Revenue: $742M 2020 Adj. Revenue*: $642MCore Areas of Focus: Flavors and Extracts, Natural Ingredients, and Other Flavor IngredientsAsia Pacific Group2020 Revenue:
$121M 2020 Adj. Revenue*: $121M Core Areas of Focus: Flavors and Colors for food and beverage Global Revenue by Group 2020 Global Revenues include intercompany sales which are eliminated on a consolidated basis.*Adj. Revenue is a Non-GAAP
metric, please see our GAAP to Non-GAAP Reconciliation at the end of this document.
8 Global market leaderNatural color innovatorExcellent innovation &applications
expertise Color Group
9 Color Overview Food and Pharmaceutical 69% of Segment Revenue 71% of Adj. Segment
Revenue LC Revenue Change Q3 ’21 +18.0%YTD ’21 +7.4% Market trend toward natural colors in food and beverageUnique value proposition for Pharmaceutical customers includescolors, flavors, coatings, and extracts Personal Care 28% of
Segment Revenue 29% of Adj. Segment Revenue LC Revenue Change Q3 ’21 +18.5%YTD ’21 +7.0% Demand for innovative products with multiple benefitsProduct line includes formulation aides and ingredients for colorcosmetics, hair care, and
skin careRecovery from negative COVID impacts underway Inks 3% of Segment Revenue Completed divestiture in June 2020 2020 Revenue: $501M 2020 Adj. Revenue*: $487M *Local-currency (LC) revenue and adjusted revenue are Non-GAAP metrics,
please see our GAAP to Non- GAAP Reconciliation at the end of this document.
10 Flavors & Extracts Group Broad product offeringUnique ability to service global, regional,
and local customersLeading technology platformsOutstanding applications expertise
11 Flavors & Extracts Overview Flavors, Extracts, and Flavor Ingredients 54% of Segment
Revenue 62% of Adj. Segment Revenue LC Revenue Change Q3 ’21 +15.5%YTD ’21 +12.0% Opportunities for on trend products with extracts, taste modulation, and natural flavors Natural Ingredients 33% of Segment Revenue 38% of Adj. Segment
Revenue LC Revenue ChangeQ3 ’21 +5.3%YTD ’21 +6.2% Leading provider of dehydrated onion, garlic, and other products Fragrances & Yogurt Fruit Prep 13% of Segment Revenue Yogurt Fruit Prep (2% of revenue) divested September
2020Fragrances (11% of revenue) divested April 2021 2020 Revenue: $742M 2020 Adj. Revenue*: $642M *Local-currency (LC) revenue and adjusted revenue are Non-GAAP metrics, please see our GAAP to Non- GAAP Reconciliation at the end of this
document.
12 Asia Pacific Group Portfolio of food and beverage flavors and colorsR&D centers in
Singapore, Thailand, and China to support local and regional customer baseAbility to deliver localized solutionsand technology platforms
13 2020 adjusted revenue of $121 million and adjusted operating income of $22 millionSensient’s
sales of flavors and colors for Food and Pharmaceutical aremanaged on a geographic basis and reported as a separate segmentManufacturing capabilities in Australia, New Zealand, China, Japan, Philippines, Thailand, and IndiaQ3 2021 local
currency adjusted revenue and operating profit improved 9.5% and 10.5%, respectively * Adjusted revenue, local currency adjusted revenue, adjusted operating income, and local currency adjusted operating income are Non-GAAP metrics. Please
see our GAAP to Non-GAAP Reconciliation at the end of this document. Asia Pacific Overview
14 2021 Q3 Segment Results Color Group third quarter revenue increase was driven by the continued
recovery in Personal Care and strong demand for natural food and beverage colors. Operating income was up in the quarter due to volume.Flavors & Extracts Group reported higher revenue in the quarter primarily driven by volume from growth
in nearly all product categories. Flavor Solutions contributed $2.4 million, or 1.5%, of growth in the quarter. Operating income was up as a result of the higher volumes and product mix.Asia Pacific Group third quarter revenue increased high-
single digits driven by volume growth in almost all regions.Operating income improved in the quarter due to volume growth. Local Currency Adjusted Revenue* Local Currency Adjusted*
Commentary: Q3 YTD Color +18.1% +7.3% Flavors & Extracts +11.6% +9.9% Asia Pacific +9.5% +8.4% Local Currency Adjusted Operating Income* Q3 YTD Color +14.8% +1.0% Flavors &
Extracts +16.0% +16.7% Asia Pacific +10.5% +20.4% * Local-currency (LC) adjusted revenue and adjusted operating income are Non-GAAP metrics. Please see our GAAP to Non-GAAP Reconciliation at the end of this document.
15 2021 Q3 Consolidated Results Q3 YTD Local Currency Adjusted Revenue* +13.0% +8.6% Local
Currency Adjusted Operating Income* +13.9% +6.5% Local Currency Adjusted Diluted EPS* +9.1% +6.8% Local Currency Adjusted EBITDA* +12.9% +6.9% Q3 consolidated local currency adjusted revenue was up due to strong growth across all of
the groups primarily as a result of volume growth driven by new customer sale wins.Q3 consolidated local currency adjusted operating income was up due to the overall volume growth across our businesses; however, the operating income
improvement was partially offset due to higher year-over-year Corporate expenses related to performance-based compensation and timing or pricing actions related to higher raw material costs. * Local-currency (LC) adjusted revenue, adjusted
operating income, adjusted diluted EPS, and adjusted EBITDA are Non-GAAP metrics. Please see our GAAP to Non-GAAP Reconciliation at the end of this document.
16 Capital Allocation Prioritize ROI capital projects Growth in dividend payout Debt reduction
to maintain targetedleverage Maintain financial flexibility to pursue M&A Excess capital returned to shareholders through opportunistic share
repurchases $50 $87 $77 $50 $54 $57 $62 $66 $81 $56 $51 $39 $52 $31 $25 $9 $87 $118 $- $50 $100 $150 $200 $250 2016 2017 2018 2019 2020 DOLLARS IN MILLIONS Share
Repurchase Acquisitions Dividends Debt Repayments Capital Expenditures
17 2021 Financial Outlook * Local-currency adjusted revenue, adjusted diluted EPS, and adjusted
EBITDA are Non-GAAP metrics. Please see our GAAP to Non-GAAP Reconciliation at the end of this document. Metric Guidance Comments Diluted EPS (GAAP) Mid-to-high single digit growth Includes approximately 25 cents of divestiture &
other related costs, operational improvement plan costs, and the results of the divested operationsAt current rates FX provides a 7 cent benefit Adjusted Diluted EPS in Local Currency* Mid-to-high single digit growth Excludes divestiture
& other related costs and operational improvement plan costsExcludes results of the divested operations Adjusted Local Currency Revenue* High-single digit growth Excludes revenue of the divested product lines Adjusted Local Currency
EBITDA* Mid-to-high single digit growth Excludes divestiture & other related costs and operational improvement plan costsExcludes results of the divested operations
18 Why Invest? Strong competitive position‘Sticky’ business (& low portion of customer
costs) Global presenceExposure to stable and growing marketsFocused on improving returns and on growth
APPENDIX* *Amounts in thousands, except percentages and per share amounts
20 ESG Information Click here to access our Environmental Sensient is committed to the
principles of sound environmental stewardship and the responsible and sustainable use of energy and natural resources.Long-term goals to reduce Energy, Water, and Hazardous Waste intensitySeed-to-shelf program focused on sustainable supply
chainEmphasis on new products and technologies that minimize waste and environmental impactsChemical Risk Strategy implemented to identify and reduce risk in our portfolio Social Sensient strives to conduct business in an ethical manner and
to make a positive contribution to society through our product offerings and business activities.Sensient’s Code of Conduct and Supplier Code of Conduct require strong ethical behavior, fair employment practices, and strict human rights
practices and product safety standardsRobust product, environmental, and raw material safety programs designed to exceed industry standards.Raw material traceability and sustainability programsSupport for our local communities through
volunteerism, financial donations, sponsorships, and employeeeducation opportunities Governance Sensient is committed to maintaining the highest standards of professional conduct and strong corporate governance practices through our
comprehensive corporate governance framework.Board comprised of a majority of independent directors with diverse and accomplished backgroundsCommitted to board diversity and refreshment, we are a 2020 Women on Boards Winning Company for the
seventh year in a row and we have added eight new directors since 2013.Robust Code of Conduct built on a foundation of ethics, safety and quality, and professionalism resulting in ethical and lawful conduct of our business
21 Non-GAAP Financial Measures Note: EPS Calculations may not foot due to
roundingdifferences Three Months EndedSeptember 30, 2021 Three Months EndedSeptember 30, 2020 Nine Months EndedSeptember 30, 2021 Nine Months EndedSeptember 30, 2020 Revenue (GAAP) $ 344,287 $ 323,566 $ 1,039,816 $
997,333 Revenue of the divested product lines (1,622) (23,588) (29,399) (88,390) Adjusted revenue $ 342,665 $ 299,978 $ 1,010,417 $ 908,943 Operating income (GAAP) $ 46,958 $ 41,155 $ 129,608 $
117,841 Divestiture & other related costs (income) – Cost of products sold - (148) 28 1,791 Divestiture & other related costs – Selling and administrative expenses 241 312 13,473 8,689 Operating loss (income) of
the divested product lines 70 (2,449) (2,398) (4,165) Operational improvement plan - Cost of products sold - 35 - 35 Operational improvement plan - Selling and administrative expenses
(income) 483 2,606 (2,010) 2,606 Adjusted operating income $ 47,752 $ 41,511 $ 138,701 $ 126,797 Net earnings (GAAP) $ 33,912 $ 32,910 $ 91,516 $ 84,303 Divestiture & other related costs, before
tax 241 164 13,501 10,480 Tax impact of divestiture & other related costs 1,179 (787) 283 (1,212) Net loss (earnings) of the divested product lines, before tax 70 (2,449) (2,398) (4,165) Tax impact of the
divested product lines (18) 655 590 1,155 Operational improvement plan costs (income), before tax 483 2,641 (2,010) 2,641 Tax impact of operational improvement plan (115) (656) 44 (656) Adjusted net
earnings $ 35,752 $ 32,478 $ 101,526 $ 92,546 Diluted earnings per share (GAAP) $ 0.80 $ 0.78 $ 2.16 $ 1.99 Divestiture & other related costs (income), net of tax 0.03 (0.01) 0.33 0.22 Results of
operations of the divested product lines, net of tax 0.00 (0.04) (0.04) (0.07) Operational improvement plan costs (income), net of tax 0.01 0.05 (0.05) 0.05 Adjusted diluted earnings per share $ 0.85 $ 0.77 $
2.40 $ 2.19
22 Non-GAAP Financial Measures (Cont’d) Revenue Total ForeignExchange
Rates Adjustments* AdjustedLocal Currency Total ForeignExchange Rates Adjustments* AdjustedLocal Currency Flavors &
Extracts (0.7%) 1.1% (13.4%) 11.6% 1.6% 2.4% (10.7%) 9.9% Color 19.6% 1.9% (0.4%) 18.1% 7.1% 3.2% (3.4%) 7.3% Asia
Pacific 8.8% (0.5%) (0.2%) 9.5% 11.8% 3.6% (0.2%) 8.4% Total Revenue 6.4% 1.2% (7.8%) 13.0% 4.3% 2.8% (7.1%) 8.6% Operating Income Flavors &
Extracts 5.5% 0.6% (11.1%) 16.0% 13.7% 1.9% (4.9%) 16.7% Color 15.7% 1.8% (0.9%) 14.8% 5.3% 3.5% 0.8% 1.0% Asia
Pacific 7.8% (2.3%) (0.4%) 10.5% 19.4% (0.7%) (0.3%) 20.4% Corporate & Other (2.5%) 0.0% (21.0%) 18.5% 11.1% 0.0% (11.0%) 22.1% Total Operating
Income 14.1% 1.1% (0.9%) 13.9% 10.0% 3.2% 0.3% 6.5% Diluted Earnings Per Share 2.6% 0.0% (6.5%) 9.1% 8.5% 3.0% (1.3%) 6.8% Adjusted
EBITDA 14.2% 1.3% N/A 12.9% 9.7% 2.8% N/A 6.9% Three Months Ended September 30, Nine Months Ended September 30,2021 * For Revenue, adjustments consist of revenues of the divested product lines. For Operating Income,
Diluted Earnings per Share, and Adjusted EBITDA, adjustments consist of the results of the divested product lines, divestiture & other related costs, and operational improvement plan costs and income.
23 Non-GAAP Financial Measures (Cont’d) 2021 2020 % Change 2021 2020 % Change Operating
income (GAAP) $ 46,958 $ 41,155 14.1% $ 129,608 $ 117,841 10.0% Depreciation and amortization 13,011 12,309 38,828 36,831 Depreciation and amortization, divested product lines (49) (49) (146) (145) Share-based
compensation expense 2,243 1,355 6,431 4,017 Divestiture & other related costs, before tax 241 164 13,501 10,480 Results of operations of the divested product lines, before
tax 70 (2,449) (2,398) (4,165) Operational improvement plan costs (income), before tax 483 2,641 (2,010) 2,641 Adjusted EBITDA $ 62,957 $ 55,126 14.2% $ 183,814 $ 167,500 9.7% Three Months Ended
September 30, Nine Months Ended September 30,
24 Non-GAAP Financial Measures (Cont’d) Note: *Fragrances was divested in April 2021, Inks was
divested in June 2020, and Yogurt Fruit Prep was divested in September 2020. Revenue Total Foreign Exchange Rates Local Currency Total Foreign Exchange Rates Local Currency Flavors, Extracts and Flavor
Ingredients 17.4% 1.9% 15.5% 15.1% 3.1% 12.0% Natural Ingredients 5.4% 0.1% 5.3% 6.2% 0.0% 6.2% Fragrances* (100.0%) 0.9% (100.9%) (64.1%) 6.3% (70.4%) Yogurt Fruit
Prep* (57.5%) 0.0% (57.5%) (59.1%) 0.0% (59.1%) Flavors & Extracts Group (0.7%) 1.1% (1.8%) 1.6% 2.4% (0.8%) Food and Pharmaceutical 19.9% 1.9% 18.0% 10.5% 3.1% 7.4% Personal
Care 20.3% 1.8% 18.5% 10.4% 3.4% 7.0% Inks* (39.6%) 0.0% (39.6%) (88.2%) 1.9% (90.1%) Color Group 19.6% 1.9% 17.7% 7.1% 3.2% 3.9% Asia PacificTotal revenue including the product lines
divested 8.8%6.4% (0.5%)1.2% 9.3%5.2% 11.8%4.3% 3.6%2.8% 8.2%1.5% Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021
25 Q3 Divested Operations Results by Segment Three Months Ended September
30, Adjusted Adjusted Revenue 2021 Adjustments* 2021 2020 Adjustments* 2020 Flavors & Extracts $ 181,667 $ (1,312) $ 180,355 $ 182,866 $ (22,978) $
159,888 Color 139,239 (310) 138,929 116,414 (669) 115,745 Asia Pacific 33,442 - 33,442 30,740 (68) 30,672 Intersegment elimination (10,061) - (10,061) (6,454) 127
(6,327) Consolidated $ 344,287 $ (1,622) $ 342,665 $ 323,566 $ (23,588) $ 299,978 Operating Income Flavors & Extracts $ 25,164 $ 66 $ 25,230 $ 23,844 $ (2,241) $
21,603 Color 27,253 4 27,257 23,559 (185) 23,374 Asia Pacific 6,601 - 6,601 6,123 (23) 6,100 Corporate & Other (12,060) 724 (11,336) (12,371) 2,805 (9,566) Consolidated $
46,958 $ 794 $ 47,752 $ 41,155 $ 356 $ 41,511 * For Revenue, adjustments consist of revenues of the divested product lines. For Operating Income, adjustments consist of the results of the divested product lines,
divestiture & other related costs, and operational improvement plan costs and income.
26 Q3 YTD Divested Operations Results by Segment Nine Months Ended September
30, Adjusted Adjusted Revenue 2021 Adjustments* 2021 2020 Adjustments* 2020 Flavors & Extracts $ 561,979 $ (27,616) $ 534,363 $ 552,975 $ (75,165) $
477,810 Color 408,166 (1,638) 406,528 381,205 (13,242) 367,963 Asia Pacific 99,599 (295) 99,304 89,062 (402) 88,660 Intersegment elimination (29,928) 150 (29,778) (25,909) 419
(25,490) Consolidated $ 1,039,816 $ (29,399) $ 1,010,417 $ 997,333 $ (88,390) $ 908,943 Operating Income Flavors & Extracts $ 76,718 $ (2,859) $ 73,859 $ 67,467 $
(5,078) $ 62,389 Color 79,462 548 80,010 75,486 1,029 76,515 Asia Pacific 19,146 (87) 19,059 16,031 (116) 15,915 Corporate & Other (45,718) 11,491 (34,227) (41,143) 13,121
(28,022) Consolidated $ 129,608 $ 9,093 $ 138,701 $ 117,841 $ 8,956 $ 126,797 * For Revenue, adjustments consist of revenues of the divested product lines. For Operating Income, adjustments consist of the results
of the divested product lines, divestiture & other related costs, and operational improvement plan costs and income.
27